Durham Asset Management Company Incorporated

Durham, NC
Tax-exempt since March 1994
EIN: 56-1757238

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Hospital, General (NTEE)

Donations to this organization are tax deductible.

Revenue

$7.73M (2023)

Expenses

$8.71M (2023)

Total Assets

$6.06M (2023)

Total Liabilities

$6.34M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Revenue

$7,726,005

Expenses

$8,706,544

Net Income

-$980,539

Net Assets

-$271,875

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,558,249	20.2%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$6,189,500	80.1%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	-$21,744

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,064,074
Total Liabilities	$6,335,949
Net Assets	-$271,875

Compensation

Key Employees and Officers	Compensation	Related	Other
James Scott Gibson (Director/Vp Tanzania)	$0	$854,623	$63,399
Todd E Mesibov (Director/Secretary)	$0	$239,249	$33,279
Amanda T Kelso (Director/Vp Duke In Madrid)	$0	$136,072	$28,501
Ann Bothwell (Director/President)	$0	$141,655	$23,111
Marcia De La Torriente (Director/Treasurer)	$0	$95,690	$29,550
James Wilkerson (Part Year Vp Trademark & Licensing)	$0	$297,135	$39,523
Madeline K Liddicoat (Vice President Law & Biosciences)	$0	$90,906	$73,412
Mitch Moser (Vice President Athletics)	$0	$275,275	$52,608
Victoria L Nevois (Former Director/Officer)	$0	$362,006	$45,270
Nina E King (Former Director/Officer)	$0	$853,994	$155,356

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990

Filed on May 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2022

Revenue

$5,962,144

Expenses

$6,231,925

Net Income

-$269,781

Net Assets

$708,664

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$962,125	16.1%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$4,978,975	83.5%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$21,044	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$5,565,160
Total Liabilities	$4,856,496
Net Assets	$708,664

Compensation

Key Employees and Officers	Compensation	Related	Other
James Scott Gibson (Director/Vp Tanzania)	$0	$756,269	$60,262
Victoria L Nevois (Director/President)	$0	$394,246	$51,903
Nina E King (Director/Vice President)	$0	$518,586	$100,084
Todd E Mesibov (Director/Secretary)	$0	$194,701	$27,800
Amanda T Kelso (Director/Vp Duke In Madrid)	$0	$128,675	$27,117
Ann Bothwell (Director/Treasurer)	$0	$131,777	$21,605
James Wilkerson (Vp Trademark & Licensing)	$0	$168,598	$43,948
Madeline K Liddicoat (Vice President Law & Biosciences)	$0	$86,648	$27,247

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990

Filed on May 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2021

Revenue

$4,673,603

Expenses

$4,338,850

Net Income

$334,753

Net Assets

$978,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$946,550	20.3%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$3,716,616	79.5%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$10,437	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$4,661,341
Total Liabilities	$3,682,896
Net Assets	$978,445

Compensation

Key Employees and Officers	Compensation	Related	Other
James Scott Gibson (Director/Vp Tanzania)	$0	$456,156	$54,118
Victoria L Nevois (Director/President)	$0	$322,992	$35,262
Nina E King (Director/Vp Athletics)	$0	$250,046	$28,811
Todd E Mesibov (Director/Secretary)	$0	$162,875	$14,012
Amanda T Kelso (Director/Vp Duke In Madrid)	$0	$124,830	$19,243
Ann Bothwell (Director/Treasurer)	$0	$129,853	$13,842
James Wilkerson (Vp Trademark & Licensing)	$0	$167,896	$32,558
Madeline K Liddicoat (Vice President Law & Biosciences)	$0	$84,665	$21,978
Melissa Segal (Former Officer)	$0	$107,925	$58,784

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990

Filed on May 13, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending June
2020

Revenue

$8,697,061

Expenses

$8,572,911

Net Income

$124,150

Net Assets

$643,692

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,667,630	19.2%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$7,064,439	81.2%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	-$35,008

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,191,875
Total Liabilities	$5,548,183
Net Assets	$643,692

Compensation

Key Employees and Officers	Compensation	Related	Other
James Scott Gibson (Director/Vp Tanzania)	$0	$745,439	$57,264
Victoria L Nevois (Director/President)	$0	$291,229	$49,982
Nina E King (Director/Vp Athletics)	$0	$272,640	$44,340
James Wilkerson (Vp Trademark & Licensing)	$0	$174,085	$42,686
Todd E Mesibov (Director/Secretary)	$0	$161,902	$23,380
Melissa Segal (Former Officer)	$0	$105,041	$70,167
Amanda T Kelso (Director/Vp Duke In Madrid)	$0	$122,626	$26,611
Ann Bothwell (Director/Treasurer)	$0	$127,522	$20,832
Madeline K Liddicoat (Vice President Law & Biosciences)	$0	$83,172	$26,127

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990

Filed on May 17, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2019

Revenue

$6,432,065

Expenses

$6,259,941

Net Income

$172,124

Net Assets

$519,542

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,878,065	29.2%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$4,554,000	70.8%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$4,898,228
Total Liabilities	$4,378,686
Net Assets	$519,542

Compensation

Key Employees and Officers	Compensation	Related	Other
Ann Bothwell (Director/Treasurer)	$0	$123,318	$20,700
James Scott Gibson (Director/Vp Tanzania)	$0	$750,481	$55,631
Amanda T Kelso (Director/Vp Duke In Madrid)	$0	$116,359	$24,925
Nina E King (Director/Vp Athletics)	$0	$259,504	$40,521
Todd E Mesibov (Director/Secretary)	$0	$138,540	$20,225
Victoria L Nevois (Director/President)	$0	$275,899	$49,041
Madeline K Liddicoat (Vice President Law & Biosciences)	$0	$80,455	$25,482
James Wilkerson (Vp Trademark & Licensing)	$0	$156,895	$39,608

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990

Filed on July 14, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2018

Revenue

$6,154,630

Expenses

$6,202,629

Net Income

-$47,999

Net Assets

$347,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,696,880	27.6%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$4,457,750	72.4%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$4,328,318
Total Liabilities	$3,980,900
Net Assets	$347,418

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2017

Revenue

$7,063,663

Expenses

$6,762,409

Net Income

$301,254

Net Assets

$395,417

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,613,413	22.8%
Program Services	$40,000	0.6%
Investment Income	$0
Bond Proceeds	$0
Royalties	$5,410,250	76.6%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$4,228,516
Total Liabilities	$3,833,099
Net Assets	$395,417

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2016

Revenue

$6,138,648

Expenses

$6,408,010

Net Income

-$269,362

Net Assets

$94,163

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,013,398	16.5%
Program Services	$40,000	0.7%
Investment Income	$0
Bond Proceeds	$0
Royalties	$5,085,250	82.8%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$5,780,513
Total Liabilities	$5,686,350
Net Assets	$94,163

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2015

Revenue

$5,295,189

Expenses

$5,326,624

Net Income

-$31,435

Net Assets

$363,525

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,275,522	24.1%
Program Services	$24,167	0.5%
Investment Income	$250	0.0%
Bond Proceeds	$0
Royalties	$3,995,250	75.5%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$4,689,433
Total Liabilities	$4,325,908
Net Assets	$363,525

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2014

Revenue

$4,798,776

Expenses

$5,043,982

Net Income

-$245,206

Net Assets

$394,960

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,215,185	25.3%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$3,544,000	73.9%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$40,000	0.8%
Net Inventory Sales	$0
Other Revenue	-$409

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,802,836
Total Liabilities	$3,407,876
Net Assets	$394,960

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2013

Revenue

$5,473,540

Expenses

$4,984,022

Net Income

$489,518

Net Assets

$640,166

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,989,799	36.4%
Program Services	$0
Investment Income	$2,977	0.1%
Bond Proceeds	$0
Royalties	$3,419,000	62.5%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$61,764	1.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$4,327,574
Total Liabilities	$3,687,408
Net Assets	$640,166

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2012

Revenue

$4,881,223

Expenses

$4,728,158

Net Income

$153,065

Net Assets

$150,648

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,460,883	29.9%
Program Services	$0
Investment Income	$300	0.0%
Bond Proceeds	$0
Royalties	$3,304,000	67.7%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$116,040	2.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,369,569
Total Liabilities	$3,218,921
Net Assets	$150,648

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2011

Revenue

$3,464,048

Expenses

$6,014,430

Net Income

-$2,550,382

Net Assets

-$2,417

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$483,740	14.0%
Program Services	$0
Investment Income	$1,308	0.0%
Bond Proceeds	$0
Royalties	$2,979,000	86.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$0
Total Liabilities	$2,417
Net Assets	-$2,417

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Durham Asset Management Company Incorporated

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $7.73M (2023)

Expenses $8.71M (2023)

Total Assets $6.06M (2023)

Total Liabilities $6.34M (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending June 2012

Revenue

$7.73M (2023)

Expenses

$8.71M (2023)

Total Assets

$6.06M (2023)

Total Liabilities

$6.34M (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001